The Public Company Accounting Oversight Board updated its standard-setting, research and rulemaking agendas after its first-ever public comment period.
The update reflects the board's priorities and stakeholder feedback. The agendas include standard-setting projects related to comfort letter engagements, auditor independence, fraud, noncompliance with laws and regulations, and going concern; research projects on data and technology, firm and engagement performance metrics, and communications with audit committees; and a rulemaking project on a permanent broker-dealer inspection program.
"Feedback from investors, auditors, academics and other stakeholders is critical for the PCAOB to fulfill our mission," chairman Demetrios "Jim" Logothetis said in a statement. "In this case, it helped inform our updated standard-setting, research, and rulemaking agendas and assisted us in refining our priorities. "Under these updated agendas, we will continue to focus our efforts on projects that are practical, responsive to today's capital markets, and ultimately, advance audit quality and investor protection."
On June 23, the PCAOB issued a
